shoppingbasket.jpg Pixfly/iStock/Thinkstock

Supermarket deflation continues as fresh prices drop

Grocery index for year down 2%, first consecutive year decline since 1954-55

Retail grocery prices fell for the eighth consecutive month in December behind deflation in produce, beef and eggs, the Bureau of Labor Statistics said Wednesday.

According to the Bureau’s Consumer Price Index, Food at Home, a proxy for grocery store prices, declined by 0.2% in December, marking the eighth straight month that retail prices fell on a consecutive basis. For the calendar year, Food at Home declined by 2%, following a 0.4% decrease in 2015. That marks the first time

Register to view the full article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish